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Business Mathematics (3 cr)

Code: TZLM8300-3001

General information


Enrollment
02.08.2021 - 05.09.2021
Registration for the implementation has ended.
Timing
25.10.2021 - 17.12.2021
Implementation has ended.
Number of ECTS credits allocated
3 cr
Local portion
3 cr
Mode of delivery
Contact learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
English
Seats
0 - 30
Degree programmes
Bachelor's Degree Programme in Purchasing and Logistics Engineering
Teachers
Antti Kosonen
Pasi Lehtola
Groups
TLP20S1
Bachelor's Degree Programme in Purchasing and Logistics Engineering
TLP21VS
Bachelor's Degree Programme in Purchasing and Logistics Engineering (AMK) vaihto-opiskelu/Exchange studies
Course
TZLM8300

Evaluation scale

0-5

Further information

Open AMK: 5 places
Exchange students:

Student workload

Contact teaching about 20 hours
Independent study about 20 hours
Assignments about 30 hours
Preparing for exam about 10 hours

Assessment criteria, satisfactory (1)

Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.

Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.

Assessment criteria, good (3)

Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly

Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.

Assessment criteria, excellent (5)

Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.

Exam schedules

Final exam during week 49.
Re-exams will take place in early 2022.

Teaching language

en

Teaching methods

Contact lessons and exercises in computer class.

Location and time

The course is implemented 25.10. - 10.12.

Number of ECTS credits allocated

3

Qualifications

Basic use of spreadsheets

Content

Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel

Objective

Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.

Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.

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